This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $86,016 initial cash invested.
-13.43%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$2,411
Rent
-$963
Cashflow
Cash Flow
$2,411 income − $3,374 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,016
Downpayment
20%
$81,920
Closing costs
1%
$4,096
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,411
Total Expenses
$3,374
Mortgage P&I
94%
$2,266
Property Taxes
14%
$331
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0